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A Brief Overview of the Latest IT Facts and Statistics in 2021

The tech world is constantly growing and changing, with every year bringing a massive amount of shake-ups. For example, 5G networks are expected to cover about 40% of the world in 2024. As things grow, it can be difficult to keep up with all the changes.

If you have been looking into the tech world, we’re here to help. Here are five of the most interesting IT facts and statistics in the tech world today.

  1. Augmented Reality is Growing

Augmented reality splashed onto the scene more as a gimmick than anything. Most people were familiar with augmented reality – AR – as something to play around with on smartphone apps. Many games and camera add-ons especially used this feature.

However, the AR market is growing considerably. Many estimates put the growing CAGR of AR to double by the end of 2025. This would place the revenue of the industry around $20,000,000,000.

  1. Automation is Increasing

Automation has been a hot-button topic for quite some time. It’s not uncommon for workers to be concerned about losing their job as the process becomes automated. It turns out that about a third of the industry holds this belief.

The good news is that almost 80% of employees are willing to learn new skills. This will let automation increase productivity without hurting employment. IT experts expect automation to improve the workforce.

  1. Virtual Assistants Drastically Help Business

Virtual assistants have become incredibly popular since being popularized by smartphones. The IT industry has also helped to popularize these assistants. Many business IT support services utilize virtual assistants for work.

In fact, virtual assistants are one of the most cost-effective services that a company can use. They also are considerably less stressful, leading to a happier and more productive workforce. 

  1. Artificial Intelligence Reduces Busywork

Similar to virtual assistants, artificial intelligence is greatly increasing the productivity of the workplace. Surveys show that more than 70 percent of business executives expect artificial intelligence to be advantageous to their business. This is especially useful for the best managed IT services and workforces.

Artificial intelligence can also help to knock away some of the busywork. Many repetitive tasks can be removed by entrusting them to artificial intelligence. This frees up hands to focus on other work instead. 

  1. Tech Industry Reaching Record Value

The technology industry is also massively growing as a whole. The industry is expected to reach a $5 trillion market value by the end of 2021. This is dependent on the growing trends staying as they are, but the value will be skyrocketing either way.

More IT Facts

The tech world is constantly growing, with no signs of stopping. As things continue to adapt, you can expect more and more statistics to boggle your mind. The changing tech world holds new surprises every day.

If you are interested in learning more interesting IT facts, feel free to browse our site for more information. You can also contact us to learn more.

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